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Section 7 . No director, officer, agent or employee of the <br /> Corporation shall have directly or indirectly any financial <br /> interest in any property to be included in or any contract for <br /> property, service or materials to be furnished or used in connec- <br /> tion with any industrial development facility financed through the <br /> Corporation. <br /> Section 8 . The Corporation shall have all the powers granted <br /> by the Act and shall be subject to all limitations on such powers <br /> provided in the Act. Such powers and limitations shall include <br /> but not be limited to the following: <br /> 1 . To construct and maintain one or more industrial <br /> development facilities; <br /> 2. To lease to a lessee all or any part of any indus- <br /> trial development facility for such rentals and upon such <br /> terms and conditions, including options to purchase, as its <br /> Board of Directors considers advisable and not in conflict <br /> with the Act; <br /> 3 . To sell by installment contract or otherwise and <br /> convey all or any part of any industrial development facility <br /> for such purchase price and upon such terms and conditions as <br /> its Board of Directors considers advisable and which are not <br /> in conflict with the Act; <br /> 4. To make secured loans for the purpose of providing <br /> temporary or permanent financing or refinancing of all or <br /> part of the project cost of any industrial development <br /> facility, including the refunding of any outstanding obliga- <br /> tions, mortgages, or advances issued, made, or given by any <br /> person for the project costs; and to charge and collect <br /> interest on the loans for the loan payments upon such terms <br /> and conditions as its Board of Directors considers advisable <br /> and which are not in conflict with the Act; <br /> 5. To issue revenue bonds for the purpose of financing <br /> all or part of the project cost of any industrial development <br /> facility and to secure the payment of the revenue bonds as <br /> provided in the Act; <br /> 6. As security for the payment of the principal of and <br /> interest on any revenue bonds issued and any agreements made <br /> in connection therewith, to mortgage, pledge, or otherwise <br /> -3- BD726 82/06/01 <br />